Panama Property Wealth Webinar

Panama is Central America’s preeminent banking destination. Its thriving banking sector has fueled the growth of the country’s economy and attracted dozens of international banks from around the globe. Of the 75 banks currently operating in the country, 2 are state-owned, 47 have general licenses, and 26 have international licenses.

Why Panama, you ask?

For starters, the country boasts strong regulatory oversight that maintains the stability of the banking system, and banks tend to stay afloat during periods of economic turmoil. Favorable tax incentives and high certificate of deposit (CD) rates draw in a constant flow of cash from foreign individuals and entities. On top of that, there are several laws in place that help ensure the privacy of clients. Together these factors contribute to Panama’s appeal as an offshore banking haven.